Question

Tom sells his car for Rs.4,50,000 and incurs a loss of 20%. Find the cost price of the car.​

Answer 1

Answer:

sp of car = 4,50,000

sp of car = 4,50,000loss = 20% = 100-20=80%

sp of car = 4,50,000loss = 20% = 100-20=80%cp=?

sp of car = 4,50,000loss = 20% = 100-20=80%cp=?cp = 4,50,000×80/100

sp of car = 4,50,000loss = 20% = 100-20=80%cp=?cp = 4,50,000×80/100cp= ₹3,60,000

Answer 2

Given:

A car with

• Selling Price (SP) = Rs. 4,50,000
• Loss % = 20 %

What To Find:

We have to find the cost price (CP) of the car.

Formula Needed:

$\it CP = \dfrac{SP \times 100}{100 - Loss \: \%}$

Solution:

Using the formula,

$\rm \implies CP = \dfrac{SP \times 100}{100 - Loss \: \%}$

Substitute the values,

$\rm \implies CP = \dfrac{450000 \times 100}{100 - 20}$

Multiply the numerator,

$\rm \implies CP = \dfrac{45000000}{100 - 20}$

Subtract the denominator,

$\rm \implies CP = \dfrac{45000000}{80}$

Cancel the zeros,

$\rm \implies CP = \dfrac{4500000}{8}$

Divide 4500000 by 8,

$\rm \implies CP = Rs. \: 562500$

∴ Hence, the cost price of the car is Rs. 562500.